Bulk scrap export prices dip; floor may be near
Feb 21, 2014 | 05:43 PM
| Sean Davidson
NEW YORK Prices for U.S. bulk ferrous scrap exports to Turkey slipped Feb. 20 as Turkish mills continued to book cargoes at attractive rates.
One exporter reportedly sold 40,000 tonnes of a 90/10 mix of No. 1 and No. 2 heavy melt at $352.50 per tonne c.i.f. Turkey, although several sources said that the material was more likely to be HMS 1&2 (85:15) quality.
A second exporter sold 30,000 tonnes at a composite price of $351 per tonne for 12,000 tonnes of HMS 1&2 (80:20) and 18,000 tonnes of shred to the same Turkish mill. The sales price suggests a HMS 1&2 (80:20) price of about $349 per tonne, down 1.4 percent from previous sales (amm.com, Feb. 19).....
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